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🔥Surprising Surge! Ethereum Breaks $2180! Is $3500 by Year-End a Dream? What Secrets Lie Behind ETH's Wild Ride?💥
Ethereum (ETH) has finally erupted after months of consolidation! As of May 9, the ETH price soared to $2180, with a 24-hour increase of over 15%, sparking a market frenzy. So, what has driven ETH to explode so strongly?
💥 Pectra Upgrade Fuels the Surge
On May 7, Ethereum completed its most significant upgrade since the 2022 merger—Pectra. This upgrade optimized account abstraction, Layer 2 data support, and validator experience, and is considered a powerful catalyst for driving the ETH bull market.
💥 Positive Macroeconomic Factors Accelerate the Rise
The US and UK reached a trade agreement, easing tensions in global markets, which was followed by Bitcoin breaking $100,000, propelling the entire crypto market upward, with ETH being a major beneficiary.
💥 On-Chain Data Rapidly Recovers
Ethereum's total value locked (TVL) has grown by 41% in the past 30 days, reaching $52.8 billion, and daily trading volume has surged by 22%. Large holders continue to accumulate ETH, showcasing overwhelming market confidence in ETH.
💥 Technical Outlook is Bullish; $3500 by Year-End is Not a Dream
ETH has broken through a long-term downtrend line and remains above $2000. If the trend continues, surpassing the $3500 target by year-end is entirely possible, and the arrival of a bull market seems inevitable.
Summary: ETH is entering a new cycle of price increases, driven by technological innovation, macroeconomic benefits, and strong on-chain data. If you're still hesitating, the opportunity for $3500 may be quietly approaching!
Ethereum (ETH) has finally erupted after months of consolidation! As of May 9, the ETH price soared to $2180, with a 24-hour increase of over 15%, sparking a market frenzy. So, what has driven ETH to explode so strongly?
💥 Pectra Upgrade Fuels the Surge
On May 7, Ethereum completed its most significant upgrade since the 2022 merger—Pectra. This upgrade optimized account abstraction, Layer 2 data support, and validator experience, and is considered a powerful catalyst for driving the ETH bull market.
💥 Positive Macroeconomic Factors Accelerate the Rise
The US and UK reached a trade agreement, easing tensions in global markets, which was followed by Bitcoin breaking $100,000, propelling the entire crypto market upward, with ETH being a major beneficiary.
💥 On-Chain Data Rapidly Recovers
Ethereum's total value locked (TVL) has grown by 41% in the past 30 days, reaching $52.8 billion, and daily trading volume has surged by 22%. Large holders continue to accumulate ETH, showcasing overwhelming market confidence in ETH.
💥 Technical Outlook is Bullish; $3500 by Year-End is Not a Dream
ETH has broken through a long-term downtrend line and remains above $2000. If the trend continues, surpassing the $3500 target by year-end is entirely possible, and the arrival of a bull market seems inevitable.
Summary: ETH is entering a new cycle of price increases, driven by technological innovation, macroeconomic benefits, and strong on-chain data. If you're still hesitating, the opportunity for $3500 may be quietly approaching!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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